Morning Megawatt 13 October 2017

All-India RTC clearing price spiked 22% to 6-day high of Rs 5.22/kWh as buy bids volume jumped 9.5% to 241 MUs. Sell bids volume, however, dropped 8% to 158 MUs. The likely driving factors of this increased prices are the overall decline in supply in the market and the increased share of thermal power in that supply.

EASTERN REGION: West Bengal and Bihar increased power procurement from IEX by 18% and 26%, respectively. The possible reason being increased demand or reduced supply from central sector power plants.

NORTHERN REGION: The three units of 250 MW capacity each at Rajasthan’s Suratgarh thermal power plant have still not been reported as revived.